Author: NBTC
Polygon Labs, the main developer firm behind the layer-2 network Polygon, said Wednesday that it will be performing the technical upgrade that swaps out its MATIC token for its new POL token starting on Sept. 4. The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks. The switch will consist of a technical upgrade that enables POL to be the native gas and staking token for Polygon’s main proof-of-stake…
Ethereum price started a decent upward move from the $3,080 support zone. ETH is recovering and might aim for a test of the $3,500 resistance zone. Ethereum is showing positive signs from the $3,150 pivot zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,280 support zone. Ethereum Price Eyes Steady Increase To $3,500 Ethereum price formed a base above…
Peru’s central bank has launched its first central bank digital currency (CBDC) pilot, selecting local telecom operator Viettel Peru as its partner. The Central Reserve Bank of Peru announced the partnership recently but didn’t disclose any details about the pilot. Viettel is the local subsidiary of Vietnam’s state-owned multinational telecom operator Viettel Group, which started operating in Peru in 2014. For Peru, a digital sol is the country’s attempt to digitize payments to enhance efficiency and cut costs. The government is also seeking to boost financial inclusion; according to the latest studies conducted two years ago, only half of Peruvians…
If Shiba Inu becomes a $1 trillion market cap crypto asset, as predicted by lead developer Shytoshi Kusama, it can spike by 9,743% to delete two leading zeros. Lead developer Shytoshi Kusama has persistently maintained that Shiba Inu is capable of greater heights. In March, Kusama argued that a $0.00012 target is an underestimate for SHIB. Most recently, Kusama entertained an interview with the leading business magazine Arabian Business. During the interview, the lead developer discussed the far-reaching goals of the Shiba Inu ecosystem. Interestingly, Kusama asserted that the goal is to make SHIB the first trillion-dollar decentralized entity in…
One financial analyst says Bitcoin (BTC) is showing three important bullish metrics. In a new interview with Scott Melker, VanEck Head of Digital Assets Matthew Sigel says recent indicators are making him bullish on BTC. “I got renewed bullish on Tuesday just you know noticed some capitulation indicators in the space like realized losses by short-term holders for example over 500 million like that’s a top five print of all time for Bitcoin. And then I saw BTC volatility hit 21 that’s a 30-day annualized VA that is also a very low number…” According to Sigel, the metrics that he…
Grayscale’s Ethereum Trust has experienced $1.5 billion in net outflows since it was converted into an ETF. BlackRock’s Ethereum Trust has attracted $442 million, leading the net inflows among new US Ethereum ETFs. Newly launched US spot Ethereum exchange-traded funds (ETFs) were off to a rough start as investors pulled approximately $1.5 billion from Grayscale’s fund after the first week of trading, data from Farside Investors shows. These ETFs ended the week with almost $342 million in net outflows, with BlackRock’s Ethereum Trust leading the first-week inflows, drawing $442 million. The $9.1 billion Grayscale Ethereum Trust (ETHE) saw over $450…
Thailand’s government has launched its much-awaited digital wallet program. The program aims to distribute 10,000 baht ($282) to most of its citizens. However, according to Reuters, the first day of registration revealed major technical hurdles as millions attempted to sign up. High Demand Meets Limited Capacity On the opening day, the registration system was overwhelmed by an influx of applicants. By early afternoon, 10.5 million people had successfully applied, but many more were unable to access the portal. Numerous users reported issues with receiving the necessary text message passcodes to complete their registration. Prime Minister Srettha Thavisin acknowledged the difficulties,…
Pixelverse collaborates with Notcoin to reward holders through marketing campaigns. Notcoin partners with Helika to launch a game incubator on Telegram. Notcoin has started a new chapter in Web3 history, paving the way for Pixelverse. To improve synergy between the two projects, Pixelverse is partnering with Notcoin to reward the community with this pioneering currency based on the TON blockchain. hey @pixelverse_xyz and welcome to the TON family 👏 Notcoin community, Gold and Platinum levels will get perks from Pixelverse good luck with the listing tomorrow, frens https://t.co/otAyNk9nH5 — Notcoin Ø (@thenotcoin) July 17, 2024 Exciting Rewards Await Notcoin Holders…
Bitcoin (BTC) miners continue to capitulate as the network’s hashrate faces its worst downtrend since 2022. The activity started giving signs of capitulation in the past few months, a situation that looms over the cryptocurrency‘s security. As reported by Finbold on June 14, Bitcoin miners have signaled capitulation with a two-year low of their BTC reserves. The report also highlighted how the average production cost has been higher than the resulting revenue, with companies operating underwater. Now, the network hashrate data, which indicates the activity’s production rate, continues to downtrend in a worrying pattern. In particular, data from mempool.space shows…
Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, is set to follow a bullish path, according to CoinSignals, a platform that provides daily crypto-related news and free buy/sell signals on digital assets. In a post on its official Telegram channel, CoinSignals highlighted that Ether (ETH) has a much less selling pressure than market leader Bitcoin (BTC), which is facing a sell-pressure of 450 BTC a day. As a result, the platform predicted that the digital asset will trade between $12,000 and $15,000 during this cycle. #ETH Blow Off Top Target : $12k – $15k 🚀– Almost 30% of Supply…